JustLend DAO completes first JST destruction, initiating deflation process

According to the latest destruction announcement, JustLend DAO's current outstanding earnings total 59,087,137 USDT. 30% of this amount (i.e. 17,726,141 USDT) was initially destroyed, and has been used to repurchase and destroy 559,890,753 JST, accounting for approximately 5.66% of the total JST supply. The remaining 70% of the outstanding earnings (i.e. 41,419,815 USDT) will be distributed over four quarters and has now been deposited in JustLend DAO's SBM USDT lending market. Subsequent earnings will be used for JST repurchase and destruction.